Our monthly Economic Review is intended to provide background to recent developments in investment markets. The bulletin also gives an indication of how some key issues could impact in the future.
While the latest gross domestic product (GDP) statistics revealed that the UK economy stagnated in February, recent survey evidence paints a more positive picture with signs of ‘encouraging resilience’ and ‘growth momentum.’
In our economic update this month we look at the data behind these comments and conclude the outlook for the UK is not as bad as previously predicted. We then cover the ongoing issue of inflation, and predict what we feel the Bank of England might do on the 11th of May. Our regular markets section has some positive data all round this month. We then look at retail sales figures, finishing off with an update on the labour market.
Our update this month includes the following headlines:
- Recent signs of economic resilience
- Inflation remains stubbornly high
- Rain dampens retail sales figures
- Further fall in job vacancies
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It is important to take professional advice before making any decision relating to your personal finances. Information within this newsletter is based on our current understanding of taxation and can be subject to change in future. It does not provide individual tailored investment advice and is for guidance only.